Property prices for sale in Pearcedale (Victoria)

The price per m² in Pearcedale has increased strongly during the last 6 months. In November, the average price per m² was $769. In the following month the price per m² increased considerably to $1,086. In the following two months the price per m² has barely changed, going from $927.5 to $906.5 per m². The price per m² has had a considerable deflation of 85 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $917 to $778 during March, and April.

Based upon to the price in Pearcedale (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $595,500. During December the price went through a considerable rise reaching $1,113,622. During the following two months (January, February) the price has had an average incrementation from $854,561 to $979,009. During the last two months the average price has had a strong fall compared to the previous four going from $916,785 to $680,028.5, which means a 74 % fall.